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Spain, fresh from its success with a 10 year benchmark on Tuesday, is eyeing a return to the long end of the syndicated inflation linker market towards the end of the year.
“We will continue with regular auctions and, market permitting, we could revisit the long end linker market after the summer,” said Pablo de Ramón-Laca Clausen, head of funding and debt management at the Spanish Treasury.
Analysts have been speculating that a new Spanish linker syndication has been on the way at least since April.
The European Central Bank is set to begin winding up its asset purchase programme based on its belief that eurozone inflation has returned to close to but below 2%. With meaningful inflation returning to Europe, the popularity of inflation-linked...